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PASSCO to Close Despite Profits in 8 of 10 Years

31-Oct-2026
Government to Close PASSCO Despite Profits in 8 of Past 10 YearsThe federal government has decided to proceed with closing the Pakistan Agricultural Storage and Services Corporation (PASSCO), despite ...
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PASSCO to Close Despite Profits in 8 of 10 Years

SBP Proposes Open Banking Through Raast

31-Oct-2026
SBP Proposes Open Banking Framework, Allowing Third-Party Access to Customer DataKARACHI: The State Bank of Pakistan (SBP) has proposed a new open banking framework that would require banks, microfina...
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SBP Proposes Open Banking Through Raast

FBR Receives Record 7.5 Million Tax Returns

31-Oct-2026
FBR Receives Record 7.5 Million Tax Returns by October 30The Federal Board of Revenue (FBR) received a record 7.5 million income tax returns by October 30, 2026, compared with 5.7 million filings reco...
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FBR Receives Record 7.5 Million Tax Returns

FBR Sets November 30 Deadline for Digital Tyre Production Monitoring

31-Oct-2026
ISLAMABAD: The Federal Board of Revenue (FBR) has directed all registered tyre manufacturers in Pakistan to install and operationalise electronic production monitoring systems by November 30, 2026, ma...
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FBR Sets November 30 Deadline for Digital Tyre Production Monitoring

Diesel Hits Rs402.96 Per Litre, Petrol Remains Rs377.91

31-Oct-2026
Diesel Price Climbs to Rs402.96 Per Litre, Petrol UnchangedISLAMABAD: The government has increased the price of high-speed diesel (HSD) by Rs2.29 per litre to Rs402.96, effective October 31, 2026, whi...
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Diesel Hits Rs402.96 Per Litre, Petrol Remains Rs377.91

Pakistan Collects Rs4.4 Trillion in Petroleum Levy Over Four Years

30-Oct-2026
Government Rules Out Immediate Petroleum Levy Cut Despite Rs4.4 Trillion CollectionsISLAMABAD: The federal government has collected Rs4.4 trillion through the petroleum levy over four fiscal years, ex...
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Pakistan Collects Rs4.4 Trillion in Petroleum Levy Over Four Years

Diesel Rises to Rs400.67, Petrol Stays at Rs377.91

30-Oct-2026
ISLAMABAD: The government has increased the price of high-speed diesel (HSD) by Rs0.85 per litre to Rs400.67 for October 30, 2026, while keeping petrol prices unchanged at Rs377.91 per litre.According...
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Diesel Rises to Rs400.67, Petrol Stays at Rs377.91

FBR Revises Duty Drawback Rates for Exporters from October 27

30-Oct-2026
ISLAMABAD: The Federal Board of Revenue (FBR) has announced revised customs duty drawback rates for various export-oriented products, including textiles, garments, hosiery, carpets, blankets and other...
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FBR Revises Duty Drawback Rates for Exporters from October 27

FBR Reports 20.57-Hour Average Customs Clearance Time

30-Oct-2026
ISLAMABAD: The Federal Board of Revenue (FBR) has reaffirmed its commitment to expanding Faceless Customs Assessment (FCA), stating that the relocation of the Central Appraising Unit (CAU) to Islamaba...
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FBR Reports 20.57-Hour Average Customs Clearance Time

SBP Allows Loans Up to Rs5 Million for Small Businesses

29-Oct-2026
The State Bank of Pakistan (SBP) has introduced a new financing framework enabling banks to extend credit to small businesses and farmers through microfinance banks and non-bank financial institutions...
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SBP Allows Loans Up to Rs5 Million for Small Businesses
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